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If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a great way to make passive income. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is purchase a product or service.
Another way to make passive income is to make a lead generation site. Lead generation sites exist to provide referrals to local businesses.
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So, lets say you created a lead generation website which focuses on real estate. Youd use the site in order to educate people about home ownership. Or, youd instruct them about property investing.
The real estate professional would cover you to the lead. Its a warm lead and not a cold encounter, so professionals would be more willing to pay.
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You might also make money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages would be critical to success.
Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has done very well with this he earns six figures per year selling his own products online.
You can earn even more money by signing up using a special rewards shopping site. There are sites that will pay you every time you shop at certain online retailers.
You just download the sites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.
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Using their dual money back specials, you can double your passive income earnings if the ideal things go on the market.
Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become very popular. Heres how it works: you create an online store that provides goods from certain manufacturers.
A person visits your site and orders a product, and then your system sends the order to the specific manufacturer. The manufacturer useful source then completes the order by shipping it directly to the client.
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One of those cool things about this kind of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the gains, and also the manufacturer stores and ships the goods to the client. Its as straightforward as that.
Online classes can be a terrific source of passive income. Heres how they operate: you produce a value-packed online class which helps solve a problem or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the program, and your system automatically mails them everything they need to access the materials.
You get money for the purchase price of the course which you just created. A platform such as Teachable can do all the heavy lifting for you when creating your program.
Regular regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, ads can look, and you can earn money from these ads. The key to becoming effective with YouTube is building a large enough subscriber and audience base.
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It can take a lot of time up front, but once your videos are live there is potential for one to create passive income from each video indefinitely.
Granted you probably will not make a living from only a couple of videos. Be ready to create over 100 movies if you really want this to take off.
Owning a business can be a good passive income source. The trick is in having the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a feasible source of passive income.